Shares of Christopher & Banks (CBK +6.3%) are on the rise after the women's apparel retailer...

|About: Christopher & Banks Corpora... (CBK)|By:, SA News Editor

Shares of Christopher & Banks (CBK +6.3%) are on the rise after the women's apparel retailer announces cost-cutting steps: It will close about 100 of its 761 stores, accelerate plans to convert or consolidate existing locations into dual-format stores, and cut 7% of its corporate staff and 13% of its store operations field management team.